Bolivia is the 88th largest export economy in the world and the 100th most complex economy according to the Economic Complexity Index (ECI). In 2015, Bolivia exported $9.1B and imported $9.7B, resulting in a negative trade balance of $564M. In 2015 the GDP of Bolivia was $33B and its GDP per capita was $6.95k.

Exports

In 2015 Bolivia exported $9.1B, making it the 88th largest exporter in the world. During the last five years the exports of Bolivia have increased at an annualized rate of 5.5%, from $7.02B in 2010 to $9.1B in 2015. The most recent exports are led by Petroleum Gas which represent 41.8% of the total exports of Bolivia, followed by Zinc Ore, which account for 9.8%.

Imports

In 2015 Bolivia imported $9.7B, making it the 100th largest importer in the world. During the last five years the imports of Bolivia have increased at an annualized rate of 9.5%, from $6.15B in 2010 to $9.7B in 2015. The most recent imports are led by Cars which represent 6.14% of the total imports of Bolivia, followed by Refined Petroleum, which account for 5.41%.

Origins

Economic Complexity of Bolivia

Product Space

The product space is a network connecting products that are likely to be co-exported and can be used to predict the evolution of a country’s export structure.

The economy of Bolivia has an Economic Complexity Index (ECI) of -1.293 making it the 100th most complex country. Bolivia exports 73 products with revealed comparative advantage (meaning that its share of global exports is larger than what would be expected from the size of its export economy and from the size of a product’s global market).